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APPLICANT

Mountain Empire Community College Foundation

Total Qualifying Score: 9
County (ARC Region): Yes
State (ARC Region): Yes
Q3. IRS Status: Nonprofit – 2
Q4. Parent Entity: No – 1
Q5. 2 or More Full-Time Employees : Yes (as of 12/31/2019)
Q7. Budget Level: $250,001 to $1.5 million – 5 (Last Fiscal Year Actual Income)
Q8. Restricted Reserves: Yes – 0
Q9. CARES Act Funding: No – 1
Q13. Participation by Executive: Yes


CONTACT & LOCATION INFORMATION

Mountain Empire Community College Foundation
Big Stone Gap, Wise County, Virginia 24219
423-230-0207
Email
www

County (ARC Region) Wise
State (ARC Region) Virginia


ORGANIZATIONAL & FINANCIAL INFORMATION

Q1. Mission:

The MECC Foundation, Inc., is a non-profit organization that supports the mission of Mountain Empire Community College in Big Stone Gap, Virginia. Foundation projects include scholarships, faculty and staff development and recognition programs, cultural programs and events, campus improvements, educational programs, and other projects.

Q2. How organization aligns with ARC’s Plan & Goals:

2. Increase the education, knowledge, skills, and health of resident to work and succeed in Appalachia. 

5. Build the capacity and skills of current and next-generation leaders and organizations to innovate, collaborate, and advance community and economic development. 

Q3. IRS Filing Status: 501(c)(3)   

Q4. Unit or Chapter of Larger Organization: No

Q5. Employees:

Full-Time/Part-Time Employees: 3/2 (as of 9/1/2020)

Full-Time/Part-Time Employees: 3/2 (as of 12/31/2019)

Current Year Income/Expenses: $1,369,281/$1,369,281

Q6. Fiscal Year: Calendar

Q7. Budget Level

Last Fiscal Year Income/Expenses (Actual): $$1,375,134 / $$1,375,134

Current Year Income/Expenses (Projected): $1,369,281 / $1,369,281

Balance Sheet

Q8. Restricted Reserves (Amount): Yes ($1,369,281)

Q9. CARES Act Funding (Amount): No ($)
Received From:   Date Received:
For What Purpose(s):

Q10. Negative Impacts from COVID-19:

The MECC Foundation was unable to hold the majority of our planned fundraisers for 2020, resulting in an expected loss of $100,000 in income. The Foundation’s operating and program budget is based on a three-year rolling average of market returns. With the fluctuations in the market, due to COVID-19 and the upcoming election, it is unclear if the Foundation’s ability to award scholarships will be impacted in 2021-2022. 

Q11. Top Three Concerns:
The ability to fund scholarships fully that allow students to complete needed training and career preparation.
The long-term ability to raise funds in a time of uncertainty.
The loss of connection to our community due to loss of public events and working at home.

How Participation in Program Will Address Concerns:

I am seeking strategies for resilience during uncertain financial times, and to gain insight from other organizations experiencing the same challenges. Our Foundation/College has also secured past support from ARC to assist with funding much needed and innovative training programs. I would hope this program will address potential grant and funding sources where additional financial support could be accessed. 


COHORT INSTRUCTION

Q12. Applying as a Proposed Cohort? No

Q13. Executive Director or CEO Will Participate in the Program? Yes

Q14. Top Two Choices for Cohort Instruction:

Course #1 Choice: 1-Fundraising

Course #2 Choice: 2-Short-term Financial Management

Q15. Desired Course Schedule for Cohort Instruction:

#1 Desired Course Schedule: 1-Winter 2021 A: 5-Week Course (Jan. 25, 2021 – Feb. 28, 2021)

#2 Desired Course Schedule: 2-Winter 2021 B: 5-Week Course (Mar. 1, 2021-April 4, 2021)


APPLICATION SUBMITED BY:

Name: Amy Greear Greear, Executive Director, Vice President of Institutional Advancement

Application Approved by Organization Director or CEO? Yes, Approved by Executive Director/CEO

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